NEO Reverses Yesterday’s Fall; Ushers the Price to $7.5

The market is experiencing volatility from the beginning of the month. There is a clear pattern formed where the coins begin the day with either bullish or bearish trend and then end the day with a totally opposite scenario. The same could take place today also.

However, if we look at the week-long price movement of NEO, it was at $7.60 on October 1, 2019. Today, it has brought it almost back as the price is $7.5 at 04:15 UTC on October 8, 2019. The week was quite volatile. The currency suffered, but at the same time, it exhibited the struggle to keep up. It would not be a surprise to see NEO dealing at higher digits in the future. Let’s see what is hidden in the intraday chart.

NEO Price Analysis:

The data feed is collected from Bitfinex on October 08, 2019, at 04:15:58 UTC for price analysis.

Yesterday, the price escalated at a tremendous speed. The first few hours took the price from $7.16 to $7.18 by 0.19%. Further, the price jumped to $7.45 from $7.18 by 4.24%. The escalation remained intact, and the coin touched the $7.51 price mark. The final jump took the price to $7.61 from $7.43 by 2.50%. Towards the end of the day, the price dropped to $7.40. The day ended at $7.52, with an intraday upsurge of 5.07%. Today, the price jumped from $7.52 to $7.65 by 1.72%.

NEO Price Prediction:

NEO is a stable coin. The same assures the traders that it wouldn’t bring heavy loss. The future of the coin is anticipated to be great. In the past, NEO was always seen maintaining the momentum but was interrupted by the market pressure in the third quarter. It is likely to regain momentum once again and book huge profits.

As per the current statistics, the market cap is standing at $532,088,499. The ROI is at 4,056.42%. The 24hr volume is marked as $255,155,121. The circulating supply is 70,538,831 NEO.

In the next term, NEO is speculated to witness the bullish impact. By the end of 2019, the coin might take the price above its 30-day high price mark. We would suggest the investors go for long term investment. The same is likely to give a colossal profit.

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.